Horizontal Mergers, Innovation and the Competitive Process

22 Pages Posted: 9 Oct 2017 Last revised: 19 Jul 2018

See all articles by Giulio Federico

Giulio Federico

Chief Economist Team, DG Competition, European Commission

Date Written: October 1, 2017

Abstract

Recent merger decisions by competition authorities have revived the debate on the relationship between competition and innovation. This article reviews this issue by drawing on the relevant economic literature, and by placing it in the broader policy debate on the benefits of competitive markets. The economic literature provides general principles that can guide the competition assessment of the impact of a merger on dynamic competition, including its effects on innovation.

Keywords: Mergers, innovation, appropriability.

JEL Classification: D43, K21, L13, L40, O31

Suggested Citation

Federico, Giulio, Horizontal Mergers, Innovation and the Competitive Process (October 1, 2017). Available at SSRN: https://ssrn.com/abstract=3049338 or http://dx.doi.org/10.2139/ssrn.3049338

Giulio Federico (Contact Author)

Chief Economist Team, DG Competition, European Commission ( email )

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